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$1,390,000
Est. payment /mo
3,049 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 73340638
HOA Y/N false
Year Built 1900
Annual Tax Amount $8,399
Tax Year 2024
Lot Size 3,049 Sqft
Acres 0.07
Property Description
Investors, builders, & developers take notice on 7 Washington St! There is not a better opportunity to purchase and develop in a bustling area of Somerville! The property is currently a tenanted single-family on an MR-4 zoned lot allowing for 4 story development BY RIGHT. Whether condominiums, multi-family, or income investment this location is prime and ready to go. Highly accessible to all transportation, less than .4 miles to the green line extension, minutes to Sullivan Sq, Union Sq, & Rt 93. Only 2 miles to Boston's North End and just 1 mile to Assembly Row and Encore Casino, endless dining and city life is right around the corner! Seller currently has ZBA Approved Plans for up to 10 Units that can be progressed or amended if buyer so desires, however the opportunities are abundant so bring your creativity. Perfect scenario to come collect rent as you plan your next move! Buyer and/or buyer's agents/representatives to do their own due diligence. Don't miss this opportunity!
Location
State MA
County Middlesex
Area East Somerville
Zoning RC
Direction Use GPS
Others
Senior Community false
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Listed by Coldwell Banker Realty - Andovers/Readings Regional